Insurance Archive

Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc. said in a report on Tuesday. Losses from Hurricane Maria, which could be as much as $85 billion, along with those of

American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off. Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested in digital platforms to make the process easier, according to the head of the division, Kevin Hogan. “We believe our assets are

The U.S. law that has protected workers from gender and racial bias for more than half a century should not be extended to cover gay and lesbian employees because that isn’t what Congress envisioned when it passed the bill, Trump administration lawyers told a federal appeals court. Judges must interpret laws based on lawmakers’ intent,

Holidaymakers over the age of 50 have been ignoring the post-Brexit drop in the value of the pound by continuing to book trips abroad, sending profits in Saga’s travel division flying. Rising demand for holidays among those aged over 50, undeterred by sterling’s fall making holidays more expensive, sent profits in the company’s travel unit soaring 63pc to £11.9m for the six

Networking is essential for business growth and personal success. Yet the adage “it’s not what you know its who you know” seems to have significantly more weight in this 21st century world of busyness, where jobs are filled before they are advertised and previously unthought-of collaborations appear out of nowhere to create new and competitive markets and